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No Credit Check Loans

We understand a low credit score can make it difficult to get an affordable loan, so we don't base our funding decisions exclusively on FICO® credit scores obtained from a hard credit check. OppLoans doesn't offer a No Credit Check Loan; instead, we perform a soft credit check, so applying won't negatively impact your FICO® score.2

What is a no credit check loan?

A no-credit-check loan, also referred to as a loan with no credit check, is a type of loan that typically doesn’t require a hard FICO score credit check from the applicant. This can be appealing to potential borrowers who are concerned about having bad credit or a poor credit history.

A no-FICO-credit-check loan may seem like a good fast-cash option, but there are always risks -- particularly if you are unable to fulfill your repayment obligations. Educating yourself is the best way to make the right borrowing decision for you.

How can I get a loan with no credit check?

There are a variety of lenders and financial institutions that provide small-dollar loan options without requiring a look at your credit score. It’s important to research your options before applying for one of these loans, even if it’s an easy, online loan application. Applying for too many loans in a short period of time can still flag you as a risky borrower to lenders, even if they aren’t looking at your FICO score.

Lenders perform credit checks to help make decisions about whether or not potential borrowers are likely to repay their personal loans. While we don’t check your FICO credit score at OppLoans, we want to make sure we set you up for success to make on-time monthly payments. Looking at your credit history can help us do that.2

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Will OppLoans check my credit when I apply for an online loan?

When applying with OppLoans, we don’t perform a hard credit inquiry on your credit report. Instead, OppLoans uses credit report information provided by Clarity Services and Experian, which does not impact your credit score or appear on your credit report.2 We make lending decisions based on an applicant’s overall creditworthiness and ability to repay.

Ultimately, we want to set our customers up for success in their financial lives. We report loan repayments to the three major credit bureaus, so every borrower has the opportunity to build their credit history.

What does OppLoans consider when looking at my credit history?

During the credit review process, we consider multiple factors to assess a borrower’s income, ability to repay, and creditworthiness, including, but not limited to, your:

  • Employment status
  • Income details
  • Bank account
  • Financial history
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FAQs

Our online loans are considered unsecured loans. We do not require collateral to secure our loans.

Funds may be deposited for delivery to your bank via ACH as soon as the same business day if verification is completed and final approval occurs before 12:00 PM CT on a business day. If approval occurs after 12:00 PM CT on a business day or on a non-business day, funds may be delivered as soon as the next business day. Availability of the funds is dependent on how quickly your bank processes the transaction.

OppLoans does not charge prepayment fees. Rates and terms on loans offered through OppLoans vary by state. You can learn more about OppLoans rates and terms here.

OppLoans may use credit report information provided by Clarity Services and Experian as part of the application process to determine your creditworthiness. Neither credit inquiry will appear as a hard credit inquiry on your Experian credit report and therefore they will not affect your FICO score.

A loan funded through one of our lending partners will reflect on your credit report both as OppLoans and the name of the lending partner your loan is offered through.
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For FinWise Bank (FW Bank) Loans
Reporting on your account will show up on your credit report as “FinWiseOppLoans” (TransUnion) OR “FinWise/OppLoans” (Non-TransUnion)
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For First Electronic Bank (FEB) Loans
Reporting on your account will show up...
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Accounts reported to the credit bureaus are reported on a monthly basis, between one to two weeks following the final date of the prior month. For example, all account activity between May 1 and May 31 will typically be reported to the credit bureaus by mid-June. If your loan was...
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Still have questions? Get in touch

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California Disclosures and Privacy Policy | California Consumers can opt-out of the sale of personal information by clicking Do Not Sell My Personal Information.

Applications submitted on OppLoans' website will be originated by one of our lending partners. All loans originated by our lending partners will be serviced by OppLoans.

1Subject to credit approval and verification. Actual approved loan amount and terms are dependent on standard underwriting guidelines and credit policies. Funds may be deposited for delivery to your bank via ACH as soon as the same business day if verification is completed and final approval occurs before 12:00 PM CT on a business day. If approval occurs after 12:00 PM CT on a business day or on a non-business day, funds may be delivered as soon as the next business day. Availability of the funds is dependent on how quickly your bank processes the transaction.

2OppLoans may use credit report information provided by Clarity Services and Experian as part of the application process to determine your creditworthiness. Neither credit inquiry will appear as a hard credit inquiry on your Experian credit report and therefore they will not affect your FICO score.

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To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

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